Desjardins Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target raised by Desjardins from C$165.00 to C$185.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group set a C$180.00 price target on Dollarama and gave the stock a “buy” rating in a research note on Thursday, April 10th. Stifel Nicolaus raised their price target on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. CIBC raised their price target on Dollarama from C$145.00 to C$174.00 in a research note on Friday, April 4th. UBS Group raised their price target on Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. Finally, TD Securities raised their price target on Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$167.00.

Dollarama Price Performance

Shares of TSE DOL opened at C$175.76 on Tuesday. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a fifty-two week low of C$119.75 and a fifty-two week high of C$179.71. The firm has a market capitalization of C$48.57 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The stock’s 50-day simple moving average is C$168.59 and its 200-day simple moving average is C$152.27.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.24%. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is presently 9.42%.

Insider Activity

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Corporate insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.